Cotton

Cotton futures saw mixed trade on Friday, as the front months were 21 to 64 points in the green with back months lower. The lightly traded Oct contract lost 3.68% on the week. The new AWP 65.47 cents/lb, an increase of 14 points from the previous week. The CFTC reported cotton futures and options spec traders lowering their net long position to 22,510 contracts in this week’s COT report. Friday saw sales of 18,700 MT of cotton from state reserves in China, as 29,900 MT were offered. The Cotlook A index for July 13 was down 50 points to 83.20 cents/lb.

Oct 17 Cotton closed at 67.180, up 64 points,

Dec 17 Cotton closed at 66.580, up 21 points

May 18 Cotton closed at 66.710, down 4 points




Market Commentary provided by:

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